AVGO Strengthens, $350–$360 Zone in Focus
$Broadcom(AVGO)$
AVGO Climbs +2.30%: Semicon Giant Tests Resistance, Eyeing $350 Pivot
Latest Close Data
Closed at $349.32 (+2.30%) on Dec 24, 2025, now ~15.7% below its 52-week high of $414.61.
Core Market Drivers
Positive momentum aligns with continued strength in the semiconductor sector and the company's strategic positioning in AI infrastructure.
Recent executive commentary on integrating VMware remains a key focus for investors.
Technical Analysis
Volume was subdued at 28.23M shares (VR 0.38), indicating consolidation.
The RSI(6) at 45.91 is recovering from near-oversold levels, showing improved buying pressure.
MACD remains negative (DIF: -6.77, DEA: -1.16), signaling the broader downtrend is not yet reversed.
Key Price Levels
Primary Support: $340.11 (recent swing low).
Strong Resistance: $360.11 (immediate technical barrier).
Immediate Pivot: $350 (psychological and recent high; a close above is needed for bullish continuation).
Valuation Perspective
Forward P/E stands at 33.91x, above its historical average of 29.39x, reflecting a premium for its growth and AI exposure. TTM P/E of 73.23 is elevated, typical for a high-growth tech leader.
Analyst Targets
Consensus remains bullish with 41 analysts setting an average target of $456.15. Ratings are skewed heavily positive: 15 Strong Buy, 32 Buy, and only 2 Hold recommendations.
Weekly Outlook
Expect consolidation between $340 and $360. A decisive break above $360 could target the $380-$390 zone. Failure to hold $340 may see a retest of lower support near $330.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal. Always conduct your own research.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
